Barclays reshuffles top team after Staley exit

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Workers are seen at Barclays bank offices in the Canary Wharf financial district in London, Britain, November 17, 2017. REUTERS/Toby Melville/File Photo

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LONDON, Nov 9 (Reuters) - Barclays (BARC.L)has appointed Paul Compton as head of its investment banking business, the British bank said on Tuesday, as part of a wider reshuffle in the wake of Chief Executive Jes Staley's departure.

Compton was Barclays' global head of banking and had been co-heading the investment bank along with CS Venkatakrishnan before the latter's move to CEO following Staley's shock resignation last week. read more

Staley left the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.

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In the wake of his departure incoming CEO Venkatakrishnan, known as Venkat, said he would make changes to Barclays' leadership.

Those include elevating Compton as sole head of the investment bank.

A fellow former JPMorgan banker like Staley and Venkat, Compton was Staley's right-hand man in much of the restructuring of Barclays that he undertook during his tenure, focused on streamlining its back-office operations and cutting costs.

Venkat also named Alistair Currie as head of Barclays' consumer banking and payments business, with Ashok Vaswani moving into a new role as chief digital strategy officer.

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Reporting by Lawrence White in London and Sinchita Mitra and Pushkala Aripaka in Bengaluru; Editing by Aditya Soni and Iain Withers

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